Fidelity Tops July Mutual Fund Outflows

Fidelity Investments suffered the greatest amount in outflows of all mutual fund companies in July, losing $2.24 billion, according to data from Financial Research Corp., The Wall Street Journal reports. It was the only one of the top 10 fund companies to experience outflows. The outflows come on the heels of $4.6 billion in outflows in June and $1.2 billion in May.

As the FRC data does not include money market funds, all told, Fidelity had net inflows of $1.4 billion in July, Fidelity spokesman Vin Loporchio noted.